OECD Cuts Forecast for 2014 Global Growth; Urges ECB Action

Paris-based Research Body Calls on ECB to Cut Benchmark Rate to Zero

LONDON—The European Central Bank should immediately cut its benchmark interest rate, and may even then have to take additional measures to end a period of too low inflation in the euro zone, the Organization for Economic Cooperation and Development said Tuesday.

In its twice-yearly Economic Outlook report, the Paris-based research body once again lowered its forecast for global economic growth, since it now expects a number of large...